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20110701
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Search Results 0 to 7 of about 8 (some duplicates have been removed)
of that part of the savings that the majority leader reid hopes to get is from the war in afghanistan and iraq beginning to wind down. and the cbo has looked at that and said there's a trillion worth of savings that's not real savings because everybody knows the war will wind down. when you look at it as i see it harry reid's proposal is about $950 billion worth of savings. john boehner is $917. quite similar. not the 2.2 or 2.4 that's being talked about. so we do have to do more in term of the immediate cuts in order to extend it for the period of time the president would like. the alternative is this two step process. a trillion dollars now and then have this special committee that would meet and report by the end of november and then there would be additional savings under the boehner proposal. that's almost $2 trillion additional savings, 1.1 trillion. >> the president says he doesn't want to have another formal vote next year and put the country through this ordeal once again right in the middle of elections. he has a point there, right? >> well, wolf, he doesn't have much a point of putt
eventually in iraq and afghanistan, about a trillion there. highly questionable. speaker boehner's plan has two steps in it. totals $1.2 trillion in cuts. has a six to nine month debt ceiling and cuts and another debt ceiling mechanism next year sometime.รง david, seems like the president is basically saying all i want, get this out of the way before the incomes election. in that interest i'll give you what you want, basically? >> the democrats, without, and republican. s have drawn a line in the sand. problem is, it's inside it's republican tent. it's basically up to the bedroom. saying, we'll given you cuts, and part of reid's plan is $1.2 trillion in defense and non-defense discretionary cuts. we don't know what the cuts will be. may be real cuts in real problems, that the president and other democrats care a lot about. they have basically yielded to republicans on a big conceptual point. linking, lifting the debt ceiling to spending cuts and -- >> two things republicans still want. a dollar for dollar cut in spending to match a debt ceiling increase and a trigger mechanism for a balanc
savings account for scaling back the wars in afghanistan and iraq. let's talk now to a new member of the senate who opposes both of these plans. he says they don't do enough to bring fiscal sanity to washington, senator rand paul, republican of kentucky, is with us this evening. senator paul, the conservatives in the house can't round up the votes to pass their plan. speaker reid probably has 52 or 53 for his, but he doesn't have the 60 votes he would need to get it through the senate. we're days away from a potential default. would you prefer default to either of these two plans. >> no. but the interesting thing is the conservatives did round up the votes. the conservatives in the senate and the house. we got 234 votes in the house last week for cut, cap and balance to balance the budget and to raise the debt ceiling the full $2 trillion, exactly what the president wants. it's interesting the dynamic here because some are saying we're unwilling to compromise. we already offered the president $2 trillion increase in the debt ceiling. all we want in exchange is a balanced budget am
have spent in iraq and afghanistan war. so, how do we get a compromise? that is an enormous question because the senate bill will not pass in the house and the house bill will not pass in the senate. we spoke to one republican congressman who said he voted "no," and here is why. >> you hear compromise, compromise, compromise. compromise got us in the mess we are in. the conversation i amer worked about is in eight to 10 years when my 8-year-old daughter says dad, why do i owe so much money. that is what i am preparing to answer. >>clayton: and rush limbaugh saying early in the week he was saying the g.o.p. were being played like saps and in the end we would see a reid bill with president obama behind it and it would be the democrats' plan. yesterday he came out and congratulated conservatives saying the no votes deserve a round of applause. >> i want to say something to conservatives out there. i want to tell you how damn proud of you i am. because you made this happen. the conservative so-called media inside the beltway would have exempted anything. yesterday, the day before, and la
Search Results 0 to 7 of about 8 (some duplicates have been removed)